Ill. Admin. Code tit. 38 § 1050.1270

Current through Register Vol. 48, No. 50, December 13, 2024
Section 1050.1270 - Refinancing Prohibited in Certain Cases

No lender shall refinance any high risk home loan, if the refinancing charges additional points and fees, within a 12 month period after the original loan agreement was signed, unless the refinancing results in a financial benefit to the borrower.

Ill. Admin. Code tit. 38, § 1050.1270

Amended at 29 Ill. Reg. 14808, effective September 26, 2005